Family issue ruining us financially.
How do we change my family situation?
We are 10 members in the family, half male and half female, my father retired 6 years ago. Used to make close to 280k (USD) annualy. His saving after retirement was close to 500k. He recieves 10k monthly now. I'm doing my master degrees for free. My other brothers, both are also in free uni studying engineering. I've got my own car, and my brother got his as well which my father is currently paying the lease (car cost around 35k). Another little brother is in school still, his private school cost around 12k annually. For my sisters: 2 in private schools (25k annually in total), another is currently 2nd year in private college. The tution costs about 100k for the entire 5 years program. Our house has an incomplete renovation that will cost probably atleast 30k to finish. It was shutdown because both my parents got played by a contractor who used my parents animosity and stubborness to each other. My mother only buy expensive organic stuff. Which costs alot of money. But are only thrown in the fridge while they go outside eating in a restaurant or ordering in. The ordering in costs about 7k monthly. Around 250 dollars daily on avg. My father pay atleast 1500 monthly for "order now, pay later" payments (mostly for home appliances and smart devices). This means that all the maintanence, house maintanence, water, electricity, petrol, are all paid using my father savings. Thats why my father savings went from 500k 6 years ago, to only around 70k right now. My mother doesn't believe in math. I tried countless time explaining to her how money works. But i really believe that she thinks my father is natinyahu and that money are sent by God LITERALLY. She call my father stingy, but when i show her all the bills she then say: "and who is your father to account for what we are paying for?". She demand we travel internationally for atleast a month every year. My mother believe that if my father, the ultimate supervillian, dies, all of our problem will be solved and she will have all the secret millions of dollars my father kept away. My father doesnt have the strength or the will to change anything. I think he aim to lose all of his savings so he can later tell my mother "i told you so". Which means he will have to sell the house. He doesn't care about changing anything. He complain to me that my sisters are wasting money on X and Y. Then he just pay for it! I told him to be in control. And that he doesnt need to listen to them at all. And that they are not capable of abstract thinking or analyzing the long term effects for anything. And that he has to account for long term stability over their short term tantrums. My suggestion for him was to sell the house now. Buy a smaller one, and an apartment in one of the countries my mother love to travel to. So they dont have to stay at hotels and stay for extended period of time enjoying life outside the country. And also keep whatever left of his saving. And has more money left to buy a new family car and get a private driver. But also managing my mother and sisters expanses. So he can still save some of the money from his monthly salary
- I wrote it in US dollars cuz i wanted to post it on a different sub